Vancouver is a highly competitive real estate market whether you’re talking about property sales or property rentals. There are a great number of rental options available to residents of the city, and as real estate development continues, competition for renters is likely to become even fiercer. So, how can property managers remain successful in such a market? Simply put, they must use the most advanced tools and technology to find top notch renters. So what tools and technology should property managers in Vancouver be using? Let’s take a closer look.
Security
In major cities such as Vancouver, property crime is an unfortunate reality. Indeed, the majority of crimes committed in Vancouver on an annual basis are property crimes, so property managers need to provide advanced, integrated security solutions for their clients. When it comes to condo living, many residents are drawn to the safety element and potential residents are looking for on-site security solutions such as security guards, security cameras in communal areas such as hallways and elevators, and keyed entry to the building and parking garage. Ultimately, integrated security solutions ensure that properties are safe places for renters to live.
Property Management Software
Since we’re living in the 21st century, it should come as no surprise that there are some highly specialized software applications designed for property managers. This software ultimately helps property managers keep on top of the many diverse aspects of their job from advertising rental units to screening potential renters to collecting rent, paying vendors, dealing with resident complaints, and even keeping tabs on property maintenance and repairs.
Using a specialized software platform helps property managers track finances, manage schedules, keep a history of maintenance and repairs, and even log resident complaints. Today, these software applications should be advanced enough so that they can sync with a mobile device such as a table or smartphone so that a property manager is informed even when on the road.
Communications
The primary function of a property manager is arguably to be that first point of contact for current or potential residents. As such, it is incredibly important to have a reliable communication system in place. As technology becomes more advanced, there are online applications that can help residents communicate with their property managers, but we also still need to ensure there is a reliable phone system to connect property managers, their clients, and renters. One of the easiest ways to deal with problems can still be a quick phone call – so be sure to set up a reliable phone system.
Resources
Finally, it is vitally important for property managers to have solid relationships with a variety of community resources. From plumbers, electricians, and carpenters, property managers need to have relationships with skilled trades-people to ensure that buildings are well-maintained and residents are satisfied.